Juggernaut Exploration Closes Bought Deal Private Placement for Gross Proceeds of C$11.5M

Core Viewpoint - Juggernaut Exploration Ltd. has successfully closed a private placement offering, raising approximately C$11.5 million to fund exploration activities on its flagship Big One Project in British Columbia, Canada [1][3]. Group 1: Offering Details - The offering consisted of 4,492,187 units sold at an issue price of C$2.56 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [1]. - Each warrant allows the holder to purchase one common share at an exercise price of C$2.08 for a period of 24 months [1]. - The offering was led by Stifel Canada as the sole bookrunner and lead underwriter [2]. Group 2: Use of Proceeds - The gross proceeds will be allocated to exploration expenses qualifying as "Canadian exploration expenses" and "flow-through critical mineral mining expenditures" under the Income Tax Act [3]. - These expenses are to be incurred on or before December 31, 2027, with renouncement to subscribers by December 31, 2026 [3]. Group 3: Regulatory and Financial Aspects - The units were issued under the "listed issuer financing" exemption, which allows for the offering without a prospectus requirement [4]. - The company paid a cash commission of C$689,999.92 to the underwriter and granted 269,531 non-transferable broker warrants [5].